mcfc1981 wrote: ↑Wed Jan 17, 2018 2:08 pm
Would have thought Crypto is here to stay.......in what form who knows
Agree.
My guess is that the next phase will reward platforms that embrace regulations and compliance.
THE OLD - BANKS. They hold and custody our assets for us. That money is ours, but technically a government can shut banks for a few days and steal some of that money (Cyprus 2013).
THE NEW - UNREGULATED BLOCKCHAIN. You hold and custody your assets yourself (bitcoin, tokens, etc). However, banks and governments make it increasingly difficult to withdraw bitcoin to cash.
POSSIBLE FUTURE SCENARIO - REGULATED HYBRID. Think a blockchain where you have full control of your assets (bitcoin, tokens, stocks, etc). A financial company lets you link and verify your blockchain address through proper KYC/AML checks. Now you can trade fiat, cryptocurrencies, stocks, without limits, following regulations and without giving banks/governments the ability of stealing those assets from you.
Ethos are building something like that and I feel it has great potential.